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Wednesday, June 23, 2021

Vishay Precision Group (NYSE: VPG) Stock: Worth Taking a Bite?

Vishay Precision Group (NYSE: VPG) is a manufacturer of industrial electronics; it acquired its California-based supplier, Diversified Technical Systems (DTS), as part of the deal. Therefore, the company is still expanding its business by acquiring other companies, and the announcement of the new acquisition caused VPG to rise.


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As a manufacturer of data acquisition systems and sensors, DTS manufactures electronic components for testing. For instance, DTS has a compact and rugged data logger that can be used to test and monitor experimental electronic systems and prototypes.


For many years, DTS has been a partner with Vishay Precision – DTS recorders have been used with VPG sensors for testing automotive safety and other mission-critical applications. Now that Vishay has acquired DTS, it has done so for a bargain price of roughly $47 million. The company will also control the technologies that are in demand and reduce its costs by implementing these technologies. The annual sales of DTS were $ 32 million in 2020, and the EBITDA margin was 25%.


In case you are not aware, Vishay Precision Group (NYSE: VPG) should not be confused with Vishay Intertechnology (NYSE: VSH), which also operates in the semiconductor market but specializes in power electronics.


At the last check, yesterday’s trading saw Vishay Precision Group (VPG) shares down -3.62% at $34.05. The stock had closed the previous trading session at $35.33. It traded between $33.80 and $35.05 in the current session. The number of shares traded during the day was 55304.0, which was greater than the average daily volume of 45174.0 and higher than the average volume of 54073.0 for the year thus far. The company’s stock has advanced 36.91% over the past 12 months, and in the last week, it has climbed 4.87%. For the last six months, the stock has gained 18.60%, and over the last three months, the stock has increased by 2.71%. Since the year began, the stock’s return has been 8.16%. Furthermore, it is impressive to note that the stock is trading at a price-to-earnings ratio of 37.34.

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